Nets gozem Nets $ 30 m to Expand Vehicle Funding, Digital Bank in Africa Membership

Since his launch in 2018 as a falling ride drop service, Cum The savolved tired in French language Africa, integrating a wide range of services as searched to become a super-app. The company now offer ride-salle units, trade, and the digital bank financing, and the digital bank by Togo, Benin, Gabon, Cameroon.

Now, in an offer to climb their Ecosystem, Gozem raised $ 30 million in debt the company using the funds to strengthen their vehicle, and toay in the new markets.

According to the founders of the beginning Gregory costume and it Raphael danaGozem settlen by other ride funding and vehicles are secure and can be financially and can access the career growth opportunities.

The gozem cord service cover, three-cadelle and cars, while their product of the vehicle funding is intended to help their priors acquire vehicles. We are also laborers on their platform make food and food shipping as part of their e-commerce business.

“Our main customer is the professional condive,” cost forms the technical. “We build a ecosystem to help pilots earn more money and evolve in their lives. If you succeed, our trade is successful.”

By the time We covered with the $ 5 million gozemhad just pilot the vehicle funding model, starting with local banks and engage on 1,500 vehicles that year. Since then the company has collaborated with international borrowers and corporation international financing (IFC) and now finances around 7,000 Viticles.

To attract the drivers, company acquires vehicles using a mixture of debt and buildings, and the pills can pay for these vehicles installments. Instead of asking for tip deposits, the conveyed conjuces costly through small deductions from daily daily drivers. Uber-backed Move, Asak and it Maximum Also offers vehicle funding products for drivers in different markets.

The Vecem said his program ensures that the payments remain attached to the Driver’s average gain.

“Explanations to all of our drivers this is a long run” Costumed. “We fund for their motorcycle, (but then can update to (of three rocks), then a car, eventually becomes of vehicles.”

Founders said a significant part of the debt is the end of the Gozzaem the company’s finance has work to lift other $ 20 in the Valency in all the Africal fragment in the next Africa Two years.

The super-app play

Many finatech fatility has attempted to integrate the services of different sections but the model is not always successful. In the sub-Saharan Africa, for example, the prompt apps that attempted to evolves in super app, as softbank-backed Opayhave seen little success.

Guemes, however, you are an intrajection thank a approach that is similar to the Asian Delivery and Green Delivery direct and Greenek. Some of their rivals, as Yassir backed backed and it Mnt-halanThey also explore similar patterns in africa across the maghreb region and Egypt to some success.

Currently the company has almost 10,000 registered drivers, and more than one million users used their platform so far. Says its number of monthly users in the hundreds of thousands.

In addition to their heart services, Guzem saw a certain growth in digital raise, which is part of their life division. The company passes the tickets because of their markets, and says he has transforming more than 50,000 tickets on top of the major attributes.

The Company is also forbed in Digital bank (Money Gozem) via the acquisition of monex In the 2023. The Service, athtisably in TOOs, they seem using mobile payments, and according to the company, million dollars.

Before this latest b, gozem’s series registered a $ 12 million $ 12 million through their three product verticals. Dana said the company is waiting for triple or quadruple its growth in 2025 with new capital.

He has sign that the epiled earnings’ series window, from the industrial services investments and financially adding their capital table. The SAS Group Services Services, one of Africa terminal or Africa, while Africa is the mother is the arm of pan-African marketing

“It is validation because we have investors that opting in the ground in the same markets where we operate:” Dana said.